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3-Stock Lunch: NFLX, BBY & T
  + stars: | 2023-10-19 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email3-Stock Lunch: NFLX, BBY & TKatie Stockton, Fairlead Strategies, joins ‘Power Lunch’ to discuss three stocks: Netflix, Best Buy and AT&T.
Persons: Katie Stockton Organizations: Netflix
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailShort-term momentum shift 'decisive enough' for near-term upside follow-through, says Katie StocktonKatie Stockton, Fairlead Strategies founder and managing partner, joins 'Squawk Box' to discuss the key technical levels in the markets, rest of year outlook, and more.
Persons: Katie Stockton Katie Stockton
Many investors expect that could be the capitulation event equities need to bottom out before rebounding. "If you get down to five and a quarter all hell's gonna break loose," Rob Ginsberg, managing director at Wolfe Research. The yield on the 10-year Treasury has spiked sharply to about 4.8% this week, about 1 whole percentage point above where it was in mid-July at around 3.7%. In fact, it won't take much for the positive narrative to start to take hold in markets, Hogan said. Hogan anticipates the S & P 500 could rise to 4,800 by year end, about 13% above where it is currently.
Persons: Rob Ginsberg, Fitch, Ray Dalio, Jamie Dimon, Wolfe Research's Ginsberg, Ginsberg doesn't, You'll, Ginsberg, Riley Financial's Art Hogan, they'll, Read, Hogan, Kevin McCarthy, Goldman Sachs, Jan Hatzius, Katie Stockton, Bank of America's Stephen Suttmeier, Jeffrey Hirsch, I'm, Hirsch Organizations: Dow Jones, Treasury, Wolfe Research, Federal Reserve, JPMorgan, CNBC Pro's, Supply, Bank of America's Locations: Saudi Arabia
The 10-year U.S. Treasury yield has hit its highest level in 16 years, but a host of economists and money managers and investors expect it can go still further. If the 10-year yield broke out convincingly above 5.25%, Ginsberg said it could next move above 7% — although he'd be "shocked" to see yields that high. He assumes that even a 10-year yield above 5% will cause something to go wrong in one corner of the market or the economy. "It's gonna be a challenging environment for investors, for stock investors," Ginsberg said. However, he expects the 10-year yield could stabilize around 4.5% and 5%.
Persons: Ed Yardeni, Rob Ginsberg, Ginsberg, We're, Russell, Katie Stockton, Stockton, Wolfe Research's Ginsberg, Ray Dalio, Yardeni Organizations: Treasury, Yardeni, Research, Apple, Nvidia, U.S ., Bridgewater Associates Locations: Stockton
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe expect the market correction to mature as early as next week, says Katie StocktonKatie Stockton, Fairlead Strategies founder and managing partner, joins 'Squawk Box' to discuss the latest technical analysis, what to make of the current market correction, rest of year outlook, and more.
Persons: Katie Stockton Katie Stockton
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA pullback in yields would help find an entry point for equities: Fairlead Strategies' StocktonKatie Stockton, Fairlead Strategies founder and managing partner, joins 'Squawk on the Street' to discuss her view of an entry point into equities, what a year-end target for the 10-year yield looks like, and more.
Persons: Katie Stockton
The price of bitcoin bounced Tuesday, reversing losses from the previous day that were driven by fears around FTX liquidations. On Monday, bitcoin dipped below the key $25,000 support level for the first time since March. The rebound could be fueled in part by investors who were betting against the crypto asset scrambling to cover short positions, in other words, by a short squeeze. Fairlead Strategies' Katie Stockton said weakened momentum in the intermediate term could make it difficult for bitcoin to see a durable recovery. This week, investors get the August consumer price index and producer price index readings on Wednesday and Thursday, respectively.
Persons: bitcoin, FTX, Bitcoin, There's, Katie Stockton Organizations: Metrics, Alameda Research, Solana, Polygon, Federal Reserve Locations: FTX
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMajor stock indices still have upside momentum, says Fairlead Strategies' Katie StocktonKatie Stockton, Fairlead Strategies founder, along with the investment committee join 'Halftime Report' to discuss the cyclical bull trend, factors that would improve market breadth, and weak momentum around Apple going in to its release event.
Persons: Katie Stockton Katie Stockton Organizations: Apple
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe still have long-term positive momentum despite recent market pullback, says Katie StocktonKatie Stockton, Fairlead Strategies founder and managing partner, joins 'Squawk Box' to discuss the latest market trends, the performance of Big Tech and mega-cap stocks, rest of year outlook, and more.
Persons: Katie Stockton Katie Stockton Organizations: Big Tech
The technical trade: T, BMY & DLR
  + stars: | 2023-08-29 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe technical trade: T, BMY & DLRKatie Stockton, Fairlead Strategies founder, joins 'Power Lunch' to discuss the technical support for AT&T, Bristol-Myers Squibb and Digital Realty Trust.
Persons: Katie Stockton Organizations: Myers Squibb, Digital Realty Trust Locations: Bristol
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGetting technical with the S&P 500 to see where stocks are headedKatie Stockton, Fairlead Strategies, joins 'Taking Stock' to give a technical analysis of the S&P 500 to see where stocks could be headed.
Persons: Katie Stockton
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe long-term market momentum has gradually shifted to the upside this year, says Katie StocktonKatie Stockton, Fairlead Strategies founder and managing partner, joins 'Squawk Box' to discuss the latest market trends, Treasury yields, market outlook, and more.
Persons: Katie Stockton Katie Stockton
Stocks are coming off a losing week as they suffer through the summer doldrums, but it could be a buying opportunity for investors, according to chart analyst Katie Stockton. She sees it as "a corrective phase, something that should yield a buying opportunity." The S & P 500 is down more than 4% in August, as concern over higher rates for longer and a slowdown in China hamper investor sentiment. That's significant, she explained, because it gives investors a time frame for what to expect from this corrective phase. For the broad market S & P 500 , she takes the next key level of support from the index's February resistance of 4,195.
Persons: Stocks, Katie Stockton, CNBC's, it's, Stockton Locations: China
"That's a normal correction, when bull markets get overheated like this," said Dan Wantrobski, technical strategist at Janney Montgomery Scott. When a stock, for example, falls below its 200-day moving average, it is seen as a potential sign of more downside pressure. Earlier this month, the index fell below the commonly watched 50-day moving average. Fairlead Strategies' Katie Stockton is closely watching a popular trend-following gauge known as the moving average convergence/divergence indicator, or MACD — which recently flipped to a sell signal after reverting to a buy in November. Pressure from yields Technical indicators may help analysts detect where the market is headed, but macroeconomic factors remain the major action drivers influencing sentiment.
Persons: Dan Wantrobski, Janney Montgomery Scott, Wantrobski, Roth MKM's JC O'Hara, Katie Stockton, Stockton, O'Hara Organizations: Nasdaq, Wall
Bitcoin tumbled to finish the week after many weeks of stillness in the market, and chart analysts say it's possible this could be just the beginning. Bitcoin also broke its 200-day moving average of $27,300, which could signal an impending downtrend. A range emerges between $25,000 and $30,000 Bitcoin has been here before. The $25,000 level was a key resistance threshold from last summer through March of this year after bitcoin briefly touched $30,000 in its banking crisis-fueled rally. Fairlead Strategies' Katie Stockton puts the next downside target a little higher at $25,200, with a secondary target level of $20,600.
Persons: Bitcoin, Wolfe, Rob Ginsberg, bitcoin, Julius de Kempenaer, de Kempenaer, Ari Wald, Oppenheimer, Katie Stockton, Stockton Organizations: Elon, SpaceX, CNBC, BlackRock, BTC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis is a short-term pullback and not the beginning of a corrective phase, says Fairlead's StocktonKatie Stockton, Fairlead Strategies founder and managing partner, joins 'Squawk on the Street' to discuss what happens if equity markets return to the 50-day moving average, what Stockton recommends investors monitor, and the current relationship between yields and stocks.
Persons: Fairlead's Stockton Katie Stockton Organizations: Stockton
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Fairlead Strategies founder Katie StocktonKatie Stockton, Fairlead Strategies founder and managing partner, joins 'Squawk Box' to discuss latest market trends, where she sees the S&P 500 and Treasury yields for the rest of the year, and more.
Persons: Katie Stockton Katie Stockton Organizations: Fairlead
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are seeing some minor signs of upside exhaustion, says Fairlead Strategies' Katie StocktonKatie Stockton, Fairlead Strategies founder and managing partner, joins 'Squawk Box' to discuss latest market trends, where she sees the S&P 500 and Treasury yields for the rest of the year, and more.
Persons: Katie Stockton Katie Stockton
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStock market's short-term momentum has slowed, says Fairlead Strategies' Katie StocktonKatie Stockton, Fairlead Strategies founder, joins 'The Exchange' to discuss Invesco QQQ technicals, SMH semiconductor ETF experiencing a decline in short-term momentum, and positioning strategies for a long-term tech play.
Persons: Katie Stockton Katie Stockton, QQQ
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket uptrend has potential to forge higher through earnings season, says Fairlead's Katie StocktonKatie Stockton, Fairlead Strategies founder and managing partner, joins 'Squawk Box' to discuss the latest market trends, rest of the year outlook, and more.
Persons: Katie Stockton Katie Stockton
The dollar is on the verge of a breakdown as other global currencies start to rise. The US Dollar Index fell below the 100 level this week, which represented a key support level. "A decisive breakdown is likely given a loss of momentum across timeframes," Fairlead Strategies said. While the dollar falls, other currencies are surging, including the euro, the yen, and the Canadian dollar, among others. "The breakdown in the Dollar Index is associated with a pending breakout in the Euro, which we also expect will be confirmed next week," he said.
Persons: Katie Stockton, Will Tamplin, Tamplin Organizations: Service, Stockton, Canadian Locations: Wall, Silicon, Stockton
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Pro Talks: A.I. investors share their best stock picks in a roundtable discussionArtificial intelligence was one of the main drivers of the first-half rally this year. Enthusiasm around the sector has helped stocks rebound from the 2022 lows in a big way, leaving some wondering if new highs are still to come. In a special CNBC Pro Talks roundtable, top AI investors, Trent Masters, Paul Meeks, Adam Johnson, and special guest, market technician Katie Stockton, give their analysis of some of the best AI stocks and discuss their investment plays for the second half of the year.
Persons: Trent Masters, Paul Meeks, Adam Johnson, Katie Stockton Organizations: CNBC, Trent
Electronic design company Cadence Design Systems is a stock to watch in the artificial intelligence space, according to Katie Stockton, founder and managing partner of Fairlead Strategies. "Cadence Design is one stock that's just been forging higher, stair-stepping higher, if you will," Stockton said during a special PRO Talks roundtable on A.I. The stock has outperformed in both 2022 and so far in 2023, with Stockton noting the stock was one of few in the AI space to not underperform the broader market last year. And Stockton said some short-term gauges suggest the stock can push through what she described as a short-term consolidation period. More than four out of every five analysts rate the stock a buy, according to Refinitiv.
Persons: Katie Stockton, Stockton, It's, Trent Masters, Masters Organizations: Cadence Design Systems, CNBC, Cadence, Trent, Alphinity Investment Management Locations: Stockton
After a blowout performance to start the year, shares of Nvidia are showing signs of "upside exhaustion" and that could spell some near-term trouble ahead, according to Fairlead Strategies' Katie Stockton. The chart analyst told CNBC's " Pro Talks " on Wednesday that certain technical indicators suggest that Nvidia may soon enter a "corrective phase" that could lead to a slight pullback in shares, and recommended shying away from adding to positions right now. Nvidia shares have nearly tripled in 2023 as Wall Street bets on the semiconductor giant as the artificial intelligence giant to topple. Like Stockton, Paul Meeks, a portfolio manager at Independent Solutions Wealth Management, recommends holding Nvidia shares. Right now I'd just hold it, though it is my best AI pick."
Persons: Katie Stockton, CNBC's, there's, Paul Meeks, Meeks Organizations: Nvidia, Independent Solutions Wealth Management Locations: Stockton
The S & P 500 has a 'better opportunity' to make new highs thanks to megacap leadership, one chart analyst said. Fairlead Strategies' Katie Stockton currently holds a 4510 objective for the benchmark index, remaining positive partly because of the uptrend in megacap tech stocks. "We've seen the cumulative advance-decline line come through some resistance of its own, and that essentially confirms the breakouts that we've seen since mid-May, and should foster a little bit of upside follow through, adding to the longevity of the trend," Stockton added. Stockton said megacap tech stocks still have "great momentum," and that they can still trend higher. To be sure, the chart analyst still encourages a balanced portfolio that also holds some Treasury and gold exposure in addition to equities.
Persons: Katie Stockton, that's, Stockton, CNBC's, We've, we've Organizations: Apple Locations: Stockton
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